• NASDAQ Gains Approval for BX Venture Market for Smaller Companies
  • July 5, 2011 | Author: Michael T. Campoli
  • Law Firm: Pryor Cashman LLP - New York Office
  • The U.S. Securities and Exchange Commission recently approved the application of The NASDAQ OMX Group, Inc. to launch its new listing market, to be known as the BX Venture Market. The BX Venture Market will provide companies that do not otherwise qualify for an exchange listing - including companies that have been delisted from another market for failure to satisfy that market’s listing standards and companies that want to take a first step toward an exchange listing - with an opportunity to list and trade their securities in an environment that is designed to provide greater transparency, regulation and liquidity than the over-the-counter markets. NASDAQ expects to begin accepting listing applications during the third quarter of 2011, and to launch the BX Venture Market by the end of the year.